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Trump encouraged by talk of 'a level playing field' on trade with South Korea

South Korea is a longstanding American ally, but President Donald Trump has spoken harshly about U.S. trade imbalances and threatened to tear up the bilateral trade pact. "We will do more to remove barriers to reciprocal trade and market access," Trump said, adding that the two leaders had talked about the thorny trade areas of steel and autos. Trump said he was encouraged by South Korea's President Moon Jae-in's assurances that he would seek a level playing field for American workers and businesses, particularly automakers. A joint statement said the two sides had agreed to work together to reduce over supply of basic materials such as steel and non-tariff barriers. It also said Trump had accepted an invitation from Moon to visit South Korea this year. Bonnie Glaser, senior adviser for Asia at the Center for Strategic and International Studies think tank, said it was unwise for Trump to air the trade issue so publicly. "Public complaints by Trump about unfair trade and inadequate defense spending provide opportunities for China and North Korea to drive a wedge between the allies," she said. The U.S. goods trade deficit with South Korea has more than doubled since the U.S.-Korea free trade pact known as KORUS took effect in 2012. The agreement was forecast to boost U.S. exports by $10 billion a year, but in 2016 they were $3 billion lower than in 2011. At the start of Friday's talks, U.S. Commerce Secretary Wilbur Ross said the largest component of the deficit was automotive trade and many non-tariff barriers to U.S. auto exports to South Korea remained. "I think the way to address it is to deal product by product with what we can do to change the export side and what we can do to reduce the bad imports side," he said. Ross said later on Friday that some progress had been made in the talks. The current pact was agreed to despite protests by supporters of Moon, who was then in opposition. But analysts have suggested that given the need to preserve a unified front in the face of a hostile North Korea, there could be compromise on both sides to resolve issues. (By David Brunnstrom and Lisa Lambert. Additional reporting by Fatima Bhojani, Roberta Rampton, Tim Ahmann, David Chance, David Lawder and Eric Beech; Editing by Bill Trott and Andrew Hay) Related Video: Image Credit: Kim Hong-Ji / Reuters Government/Legal Genesis Hyundai Kia trade

Hyundai previews the subcompact Kona crossover's funky fresh face

It seems as though the already crowded subcompact crossover segment will welcome yet another competitor. Hyundai says it will launch its new Kona this summer, and it just released a teaser showing its front fascia. We'd previously seen spy photos of the car, but this is our clearest look at the nose yet. From the looks of it, it will be going down the funky styling route of the Toyota C-HR and Nissan Juke. The first styling cue you'll notice is the split headlight arrangement that we've seen before on the Jeep Cherokee and Nissan Juke. The top lamps are just LED running lights, and the lower units, also LED on the Kona, provide the actual forward illumination at night. Together, they create a scowling aggressive look. Between the lower lamps is a low and wide version of Hyundai's corporate "cascading" grille. It does have a unique twist, though, in the upper slot that looks rather like a scoop. It also helps create a dual-plane look to the front of the vehicle. Hyundai hasn't released many details about the Kona aside from a release date and a size. It actually hasn't even announced the markets in which the Kona will be available. However, it's likely it will come to the US, since the subcompact crossover arena has been booming here. The only other information Hyundai has revealed about the Kona is that it will have good visibility and "agile driving dynamics." That sounds good to us, but we can't verify either until we get our hands on one. At least it won't be a long wait. Related Video:

Hyundai details its five Super Bowl ads, Santa Fe is MVP [w/video]

If the Super Bowl were Las Vegas, Hyundai would be considered one of its whales. The South Korean automaker will be advertising for the sixth straight year during The Big Game, and this time it's rolling up with five spots, four of them new. The new 2013 Santa Fe gets the star treatment, featuring in three of the spots, but the theme throughout is using "a Hyundai vehicle as the ultimate sidekick and partner-in-fun."
The four brand new commercials are:
Epic PlayDate - the headliner, uses the Santa Fe for "an unforgettable and epic play date" and features a brand new song from "a legendary alternative rock band."